Keep an eye on SP and Dow Jones today, there could be some heavy selling before FOMC, and possibly after it if there is a hawkish tone... This will probably bring other markets down with it, especially after hours trading. My best guess for rest of ...

Carpe diem: Intraday tactics for Dax and Dow

Wonder if SP or Dow will bring Dax down to another interim low... If order to entry long @ 11710 get's hit, I'll target 400pips.

Carpe diem: Intraday tactics for Dax and Dow

Great call!

Carpe diem: Intraday tactics for Dax and Dow

Break-out or Fake-out?

Carpe diem: Intraday tactics for Dax and Dow

400pts below ATH.... must be getting close to a bottom. 11710 is my next support level in order to remain in the medium term trend channel.

Carpe diem: Intraday tactics for Dax and Dow

Average PE ratio is 16.30 (@ 11,800pts), I would say its at fair value, not overvalued. Still cheaper than SP or Dow Jones.

Carpe diem: Intraday tactics for Dax and Dow

I have 11,710 as the bottom of the medium-term trend channel for today on the Dax, wonder if it'll hit it.

Carpe diem: Intraday tactics for Dax and Dow

What if the Yanks start a currency war, beginning with the FOMC statement later today (indicating patience with any rate hike) and the USD weakens (EUR strengthens)? Could that throw off the Dax further?

Carpe diem: Intraday tactics for Dax and Dow

Done the same... Will add another if drops to 11900. No stop loss.

Carpe diem: Intraday tactics for Dax and Dow

Expensive day for me testing longs.... not good

Carpe diem: Intraday tactics for Dax and Dow

As Napoleon Dynamite once said - "Heck yes" to that target

Carpe diem: Intraday tactics for Dax and Dow

My tip for the rest of the week. USD to weaken as "patience" is used in FOMC statement later today. This will lift SP and Dow Jones with some modest gains, despite Oil price slumping and dragging their Energy Sector. Modest gains on Dax also, but ...

Spider's Den

I still think the US Fed Reserve Bank will still utilise the word "patience" with respect to the rate hike. USD has strengthened too quickly, and its causing US Equities to fall (as US multinational listed companies will report lower foreign ...

Spider's Den

It appears that SP500 goes up when there is average/lower than expected economic data (Eg Lowers chance of Fed rate hike), and it appears to fall when there is good economic data (Eg. Increases chance of Fed rate hike).

Carpe diem: Intraday tactics for Dax and Dow

Oki Doki, so its factored into market price. cheers

Carpe diem: Intraday tactics for Dax and Dow

Let's hope so... just took 40 pips, now waiting to get back in...

Carpe diem: Intraday tactics for Dax and Dow

When do you expect them to post that result? As this may give us some warning that the index may drop momentarily on the day of the announcement...

Carpe diem: Intraday tactics for Dax and Dow

Having said that, I just took 40 pips on the DAX.

Spider's Den

Dax broke through 12000pts for the first time this morning. Dax has a good mix of manufacturing companies that will excel due to a weaker EUR and produce strong Forward Earnings. As you're aware, a cheaper EUR should lift German manufactured goods ...

Spider's Den

Hey D1 - Is Lufthansa the only company that posted a Net Loss from the Dax 30 for Financial Year Ending 2014?

Carpe diem: Intraday tactics for Dax and Dow